It's hard to ignore the siren song as a business person of comparing your 300k a year engineers to a senior engineer that costs $80k in India (regardless of the potential hidden costs of cultural and time zone differences). This gap should probably narrow as more remote work becomes normal, and more people move out of the Valley and can actually live decently on 150k, rather than 300k.
Just wondering why they don't want to outsource to europe. Here in Germany you will get good engineers for $80k. Or east europe is even cheaper + better cultural fit.
I think even Ukraine or Belarus do.